Variant Market Research forecasted that the global focused ion beam (FIB) market is forecasted to reach $530 million by 2024 from $312 million in 2016; growing at a CAGR of 6.8% from 2016 to 2024. There are the several driving factors of the market such as high demand for ion beam lithography, expanding ion focus beam systems applications and rising demand for failure analysis devices. However, high cost of focused ion beam systems may restrain the growth of the market. Furthermore, increasing R&D on product innovations are the major opportunities of the market.
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Key segments of the global focused ion beam (FIB) market are beam sources, application, and geography. Gallium, iridium, gold and others are the key sub segments of the product type segment. In 2016, gallium sub segment has highest market share and iridium is expected to dominate the segment during the forecast period 2016-2024. Moreover, application segment has been segmented into sample preparation, nanofabrication and others.
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North America, Europe, Asia-Pacific and rest of the world are the major geographical sub segment of the global focused ion beam (FIB) market. In 2016, European region accounted for the highest market share of 37.1%, owning to increase in adoption of focused ion beam microscopes in the field of material science. Additionally, Asia-Pacific is predicted to grow at the highest CAGR of 7.5% during 2016-2024, driven by high concentration of semiconductor industries in emerging economies.
The market players have been adopting several strategies to increase their product portfolio and geographical presence. The key market players in the focused ion beam (FIB) market are JEOL Ltd., Hitachi High-Technologies Corp., Fibics Incorporated, FEI, Carl Zeiss AG, Evans Analytical Group, ZEROK Nanotech, Evans Analytical Group, TESCAN ORSAY HOLDING a.s., Thermo Fisher Scientific Inc, and Raith GmbH, among others.
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